Wikinvest Wire

Elizabeth Warren on bank's toxic assets

Wednesday, August 12, 2009

Chairwoman Elizabeth Warren of the TARP Congressional Oversight Panel talks about the group's August report titled "The Continued Risk of Troubled Assets".

Warren: "As long as they don't sell these mortgages or write them down on their books, they don't have to recognize any lossses on them. But that won't change the underlying reality."


bevo said...

She is the only sane one in the group outside of (the muffled?) Paul Volker?

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